Can I retire at age 54 with 462,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$38,152$37,812$37,480$37,157$36,841$35,477
2 years$18,887$18,535$18,194$17,864$17,543$16,185
3 years$12,466$12,113$11,773$11,445$11,130$9,820
4 years$9,256$8,904$8,568$8,246$7,938$6,686
5 years$7,331$6,981$6,649$6,334$6,034$4,843
6 years$6,048$5,701$5,373$5,065$4,775$3,645
7 years$5,132$4,787$4,465$4,164$3,883$2,816
8 years$4,445$4,104$3,787$3,493$3,221$2,215
9 years$3,911$3,573$3,262$2,975$2,713$1,765
10 years$3,484$3,149$2,844$2,565$2,312$1,422
11 years$3,135$2,804$2,503$2,232$1,988$1,154
12 years$2,845$2,516$2,222$1,958$1,723$942
13 years$2,599$2,274$1,985$1,729$1,502$773
14 years$2,388$2,067$1,783$1,534$1,317$637
15 years$2,206$1,888$1,610$1,368$1,160$527
16 years$2,047$1,733$1,460$1,225$1,025$436
17 years$1,906$1,596$1,328$1,101$909$362
18 years$1,782$1,474$1,213$992$808$301
19 years$1,670$1,366$1,110$896$720$251
20 years$1,570$1,270$1,019$812$643$209
21 years$1,480$1,183$937$737$576$175
22 years$1,398$1,104$864$670$516$146
23 years$1,323$1,033$798$610$463$122
24 years$1,254$967$738$557$416$102
25 years$1,191$908$683$508$375$85
26 years$1,133$853$634$465$337$72
27 years$1,079$803$588$425$304$60
28 years$1,030$757$547$390$274$50
29 years$983$714$509$357$248$42
30 years$940$674$474$328$224$35
31 years$900$637$442$301$202$30
32 years$863$603$412$277$183$25
33 years$827$571$385$255$166$21
34 years$794$541$360$234$150$17
35 years$763$513$336$216$136$15
36 years$734$487$315$199$123$12
37 years$706$463$294$183$112$10
38 years$680$440$276$169$101$9
39 years$655$418$258$156$92$7
40 years$632$398$242$143$83$6
41 years$609$379$227$132$76$5
42 years$588$361$213$122$69$4
43 years$568$344$200$113$62$4
44 years$549$328$188$104$56$3
45 years$531$312$176$96$51$3
46 years$513$298$165$89$47$2
47 years$497$284$155$82$42$2
48 years$481$272$146$76$38$1
49 years$466$259$137$70$35$1
50 years$451$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $462,000, adding $5,370 every year, while hoping to spend $36,319 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/9/7 Blend
53$462,000$462,000$462,000$462,000
54$514,663$490,177$483,016$557,123
55$528,516$475,553$460,554$571,024
56$542,564$458,994$436,122$580,810
57$556,789$440,369$409,616$590,418
58$571,171$419,536$380,927$599,808
59$585,683$396,346$349,941$608,934
60$600,298$370,642$316,539$617,747
61$614,981$342,257$280,597$626,191
62$629,697$311,015$241,984$634,205
63$644,401$276,729$200,565$641,722
64$659,044$239,204$156,199$648,670
65$673,572$198,230$108,737$654,965
66$687,922$153,589$58,025$660,518
67$702,024$105,049$3,903$665,232
68$715,798$52,364$0$668,997
69$729,155$0$0$675,717
70$741,995$0$0$682,277
71$754,207$0$0$693,437
72$765,665$0$0$703,895
73$776,230$0$0$713,521
74$785,744$0$0$722,171
75$794,035$0$0$729,682
76$800,909$0$0$735,877
77$806,148$0$0$740,553
78$809,514$0$0$743,490
79$810,739$0$0$744,439
80$809,526$0$0$743,126
81$805,547$0$0$739,246
82$798,435$0$0$732,460
83$787,786$0$0$722,393
84$773,149$0$0$708,629
85$754,028$0$0$690,706
86$729,870$0$0$668,114
87$700,063$0$0$640,287
88$663,933$0$0$606,598
89$620,730$0$0$566,354
90$569,626$0$0$518,788
91$509,706$0$0$463,053
92$439,956$0$0$398,210
93$359,256$0$0$323,223
94$266,370$0$0$236,946
95$159,928$0$0$138,113
96$38,422$0$0$25,323
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0